2024-07-14
http://w3.windfair.net/wind-energy/news/43435-prysmian-results-sales-profit-cash-generation-growth-ebitda-outlook-expectations-margins-shares-cablesm-offshore-energy-transition

Prysmian's results above all expectations

The strong sales growth was accompanied by the jump of over 50% in net profit and cash generation and debt reduction.

Official Press Release Prysmian Group:

Prysmian - 2022 Best Year Ever: Results Above All Expectations

Wind Industry Profile of
Prysmian - 2022 Best Year Ever: Results Above All Expectations

Profits and cash generation grew by over 50%

SALES AT €16,067M, ORGANIC GROWTH AT +14.4% ADJ EBITDA AT €1,488M, +52.5% VS 2021, WITH SHARPLY IMPROVED MARGINS AT 9.3% VS 7.7% IN 2021 GROUP NET PROFIT SOAR TO €504M (+63.4%) STRONG CASH GENERATION, FREE CASH FLOW AT €559M (+ 53% VS 2021) AND NET DEBT DOWN TO €1,417M CO2 (SCOPE 1&2) EMISSIONS AT –24%, SCOPE 3 AT -7.5% VS 2019 BASELINE (SBTI CERTIFIED DATA); BUSINESS PERFORMANCE DRIVEN BY ENERGY TRANSITION, ELECTRIFICATION AND DIGITALISATION, WITH ORDER BOOK PROJECTS AT €8.4BN PROJECTS SALES AT +30.3% THANKS TO SUBMARINE ENERGY SYSTEMS ENERGY SALES AT +12.3%, FUELLED BY RENEWABLES, POWER... ... More: Official Press Release Prysmian Group

Keywords:
Prysmian, results, sales, profit, cash generation, growth, EBITDA, outlook, expectations, margins, shares, cablesm offshore, energy transition







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